World losing half a trillion to tax abuse, largely due to 8 countries blocking UN tax reform, annual report finds | Tax Justice Network
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Multinational corporations cheated more after getting tax cuts, largest inadvertent real-world testing of corporate tax policies reveals Countries are losing US$492 billion in tax a year to multinational corporations and wealthy individuals using tax havens to underpay tax. Nearly half the losses (43%) are enabled by the eight countries that remain opposed to a UN […]

Multinational corporations cheated more after getting tax cuts, largest inadvertent real-world testing of corporate tax policies reveals

  • s3p5r@lemm.ee
    20·
    2 days ago

    Votes for draft terms of reference for the UN tax convention on 16 August 2024:

    • for: 110 countries
    • abstain: 44 countries
    • against: Australia, Canada, Israel, Japan, New Zealand, South Korea, the UK and the US

    The whole article is worth reading though, it has lots of interesting statistics.